The End of ICOs? Telegram Has Already Raised $1.7 Billion!

Although cryptocurrencies have drawn a negative image lately, Twitter, Facebook and Google ban ICO ads, cryptocurrencies are not ending.

Yahoo’s presence in Japan The fact that it is opening a crypto exchange, Goldman Sachs subsidiary Circle’s acquisition of Poloniex and now Telegram’s raising another $ 850 million in the second ICO period shows that large companies and money sources are investing in the future of the ecosystem instead of investing in cryptocurrencies in stock markets.

According to the news in CoinTelegraph, Telegram founders Pavel and Nikolai Durov announced that they raised $850 million in the second round of the mutual fund raising process in a statement signed today with the US Securities and Exchange Commission (SEC).

It was in the process of seeking investment to support the development of the Telegram messenger app and its own Blockchain platform Telegram Open Network (TON). Although the document does not disclose the identity of the investor, it is stated that 94 different organizations participated in the ICO, which started on March 14.

The first round of the ICO took place between January 29 and February 13, and 850 out of 81 investors He managed to attract millions of dollars. According to the news agency Vedomosti, one of the investors in the first round of the ICO is Russian billionaire Roman Abramovich, and the Russian billionaire has invested $ 300 million in this process. and became the most invested ICO in history.

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